Facts for Prelims (FFP)
Context: The Reserve Bank of India (RBI) launched three major initiatives .
- G-Sec Mobile App: Enables retail investors to transact in government securities (G-Secs) using smartphones.
- PRAVAAH Portal: A centralized web-based platform for individuals or entities to apply for authorizations, licenses, or regulatory approvals from the RBI, enhancing efficiency in processing applications.
- Fintech Repository: A data storehouse for Indian FinTech firms to help understand the sector better and design appropriate policies. Additionally, the EmTech Repository for RBI-regulated entities will track the adoption of emerging technologies like AI and blockchain.
These initiatives aim to improve accessibility, efficiency, and data management in financial and regulatory processes.
Source: IE
